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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (98467)	2/2/2013 4:53:53 AM
From: elmatador	Read Replies (2) \| Respond to of 217571

USD flow to outside the US will diminish because of less oil imports. That will be compounded by less imports of goods. Trade deficit will be arrested. And the less-noticed flip side is that Americans are using less oil. Consumption of liquid fuels plummeted during the recession, and it isn’t expected to rebound anytime soon. The EIA projects that Americans will be driving slightly more over the next few years as the economy recovers, but that will be offset by more-efficient vehicles and the retirement of older cars and trucks. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/09/u-s-oil-imports-are-falling-to-their-lowest-level-since-1987/ Return to natural size in energy. Expect everything else will return to natural size.

To: carranza2 who wrote (98467)	2/2/2013 4:23:53 PM
From: bart13	Read Replies (1) \| Respond to of 217571

The question: "Professor, given the near-parabolic increase in money supply since 2008, why isn't the USD worth substantially less than it presently is?" Base is only part of the answer. Total money supply (roughly, m3 + credit + gov't debt, less double counting) has not only expanded roughly the same in other major countries or areas, but the actual total hasn't really gone up parabolically. The black line still looks parabolic, but the blue annual change rate line is below the average since 1970 or so when we exited the gold standard. Shorter term, same chart Roughly the same pattern on total money even when adding in net derivatives. And the USD is actually worth significantly less than in 2008, even when measured by the doofus CPI-U. It's just not anywhere near high or hyperinflation levels. Even SGS-CPI in "only" around 10%.

To: carranza2 who wrote (98467)	2/5/2013 4:05:32 PM
From: TobagoJack	2 Recommendations Read Replies (3) \| Respond to of 217571

i note that the fed is not putting itself on trial ... news.yahoo.com 'Massive' $200M Credit Card Fraud Eighteen people have been charged in what federal prosecutors in New Jersey called one of the largest credit card fraud schemes ever uncovered by the U.S. Department of Justice, spanning 28 states and eight countries. "The defendants are part of a massive international fraud enterprise involving thousands of false identities, fraudulent identification documents, doctored credit reports and more than $200 million in confirmed losses," FBI Special Agent James Simpson said in court records. According to court records, the scheme involved three basic steps: The defendants allegedly created thousands of fake identities, pumped up the credit histories of those fictitious people and then racked up charges on fraudulently obtained credit cards. "Due to the massive scope of the fraud, which involved over 25,000 fraudulent credit cards, loss calculations are ongoing and final confirmed losses may grow substantially," Simpson said. The proceeds, authorities said, were used for luxury automobiles, electronics, spa treatments, high-end clothing and millions of dollars in gold. Authorities said the fraudsters also stockpiled large sums of case and approximately $70,000 in cash was found in one defendant's oven. Though the scheme targeted credit card companies, Paul Fishman, U.S. Attorney for New Jersey, said customers everywhere could feel the impact. "Through their greed and their arrogance, the individuals arrested today and their conspirators allegedly harmed not only the credit card issuers, but everyone who deals with increased interest rates and fees because of the money sucked out of the system by criminals acting in fraud rings like this one," Fishman said. The defendants, including the alleged ringleaders, Babar Qureshi and Muhammad Shafiq, are due to make their initial court appearances this afternoon before U.S. Magistrate Judge Madeline Cox Arleo in a Newark federal court.